Analyst, Inventory Job Description
Analyst, inventory
provides strategic guidance and technical assistance to improve data collection, data mining, analysis capabilities, and the interpretation of related data.
Analyst, Inventory Duties & Responsibilities
To write an effective analyst, inventory job description, begin by listing detailed duties, responsibilities and expectations. We have included analyst, inventory job description templates that you can modify and use.
Sample responsibilities for this position include:
Analyze production reports, receipts, inventory adjustment activity, finished goods reports, and SAP transactions to achieve proper inventory integrity and ensure proper reporting
Provide transactional and Continual Improvement support for SAP and External Interfaces related to inventory movements
Aggregate, track and plan for all promotional demand across all retailers to ensure that product is built on-time
Maintain, distribute & monitor liability reports
Monitor Watchlist to proactively resolve traffic issues in the working week future weeks
Approve deal maintenance changes in the approval queue
Directly supervise administrative non-exempt associates
Manage the Cycle Count program and counting to ensure that inventory metrics are achieved to avoid taking an annual physical inventory
Perform inventory adjustments and/or substitutions for deviations to maintain proper on hand inventory balances
Coordinate the limited physical inventory activity during shutdown periods
Analyst, Inventory Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Analyst, Inventory
List any licenses or certifications required by the position: APICS, CPIM, E3, CSCP, CPP, PICS, ISO, C.P.M, 9001, SAP
Education for Analyst, Inventory
Typically a job would require a certain level of education.
Employers hiring for the analyst, inventory job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Business, Education, Finance, Engineering, Accounting, Management, Business/Administration, Supply Chain Management, Associates, Mathematics
Skills for Analyst, Inventory
Desired skills for analyst, inventory include:
Microsoft Excel
Statistics and quantitative data analysis and interpretation
Application of concepts
Principles
Technical capabilities to perform varied tasks
Continually
Healthcare and pharmacy services industry
Healthcare industry
To improve the 340b program
SAP
Desired experience for analyst, inventory includes:
Create and analyze monthly inventory turn reports
Assist the Planner / Schedulers with setting up Kanban deliveries from suppliers to improve material flow and turns
Manage the excess and obsolete inventory process within Materials from creating the quarterly reports for Accounting to ensuring approved ACT’s are dispositioned in a timely manner
Create & manage the monthly machining plan process
Review, analyze, setup, and execute process improvements to efficiently manage the ordering and scheduling of materials for the plant
Lead or facilitate KOS events pertaining to Materials and participate as a team member
Analyst, Inventory Examples
1
Analyst, Inventory Job Description
Job Description Example
Our innovative and growing company is looking for an analyst, inventory. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for analyst, inventory
- Maintain SAP and PSI file to reflect any product changes such as price changes, product discontinuation, sales forecast changes, in order to maintain accurate and up-to-date information
- Negotiate price and delivery with external vendors and places purchase orders through SAP for finished goods in order to obtain optimal inventory levels
- Assist in the reconciliation of vendor packing slip and invoice against SAP open purchase orders
- Develop and execute queries (ad-hoc and routine) in order to collect SAP data for analysis and reporting purposes
- Maintains consistent awareness of the business managed by Direct
- Develops and runs traffic inventory and capacity models
- Provides current information on available traffic inventory to assists
- Provides current information on available traffic inventory to assist
- Represent facility as resident expert in inventory management systems
- Support main customer (GMED) in Base Inventory reconciliation (comparison of General Ledger vs
Qualifications for analyst, inventory
- Computer Skills, Oracle, Dm+, WCS, Cops
- Requires a bachelor's degree with at least 3 years of experience in the field or in a related area
- A wide degree of creativity, innovative and latitude is expected
- Proactive, solution driven and self-motivated
- Exceptionally logical, dedicated to the details and passionate about accuracy
- Advanced working knowledge in MS Word, Excel, PowerPoint, and Outlook required
2
Analyst, Inventory Job Description
Job Description Example
Our innovative and growing company is looking for an analyst, inventory. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for analyst, inventory
- Perform weekly monthly analysis reports of various aspects of the loaner and demo pool that includes customer backorders by item, asset retrieval results, evaluations past due, write off summary, competitor trade orders and other reports as needed
- Develop and execute Showcase queries (ad hoc and routine) in order to collect JD Edwards and or Metrix data for analysis and reporting purposes
- Develop and measure inventory levels and service performance by channel through KPI’s
- Maintains and executes financial plans and forecasts for Purchasing and both divisions Sales Departments (wholesale and retail)
- Recommend go-forward business plans based on risks and returns
- Help develop business plans and identify new opportunities by analysis
- Responsible for working with team leaders to develop financial plans for sales, margins and inventory by month for all channels of business
- Ensure system parameter organization (planner codes, inventory locations)
- Monitor On-Hand inventory balances
- Develops performance measures, root cause analysis, and appropriate action plans
Qualifications for analyst, inventory
- Incumbent has mental ability to conduct interpersonal interactions with other company personnel, problem-solving techniques, and can work effectively under pressure
- Physical ability to use telephone, computer hardware/software including keyboard, type, sit for extended periods of time, and occasionally lift/carry up to 20 pounds
- Bachelor’s degree in Business Administration, Merchandising, or related preferred and 3 to 5 years’ experience in retail with at least 1-3 years’ experience in retail store allocation and/or inventory management
- Job may require hours that exceed 8 hours per day and/or 40 hours per week
- Job pressure exists in continuous problem solving and dealing with multiple store locations
- Vast majority of job responsibilities require analyzing data and making quick decisions based on the analysis
3
Analyst, Inventory Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of analyst, inventory. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for analyst, inventory
- Develops trend analysis and maintains a root-cause-corrective-action (RC-CA) focus around cycle count results and other inventory inaccuracies to drive process improvements at the plant
- Create methods to automate/streamline development of periodic reports to achieve fast turn-around with reliable, high accuracy
- Creates and calculates metrics of inventory control effectiveness and efficiencies
- Monitors and provides visibility to obsolescence issues around plant inventory
- Perform complex data analysis on ad-hoc projects and present results
- Works in conjunction with site CPI facilitator to develop rapid improvement events around inventory to drive process improvement
- Provides analytical support to other inventory-related issues such as inventory levels, raw material turns, and days on hand
- May assist Operations Finance Manager in developing, implementing and maintain policies, procedures and inventory control systems that are in accordance to internal SOX standards
- May work with corporate and multi-site resources to create, document and maintain processes around cycle count activities at the plant
- May assist IC personnel in facilitating quarterly Physical Inventories and weekly Cycle Counts, ensuring SOX compliance and best practices
Qualifications for analyst, inventory
- Makes quality inventory and purchase recommendations to the Category Manager
- Maintains collaborative partnership with Stores
- Takes responsible risks to find lasting solutions to difficult problems
- Requires frequent sitting, standing and the ability to walk to locations to attend meetings
- Bachelor’s degree in Industrial Engineering, Business Administration or related field is required
- APICS CPIM or CSCP certification is a plus
4
Analyst, Inventory Job Description
Job Description Example
Our growing company is looking to fill the role of analyst, inventory. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for analyst, inventory
- Record variance reasons, and at month end, generate a trend chart and problem Pareto for each problem classification
- Analyzes and resolves routine obsolete and excess inventory issues
- Develops reports and procedures for inventory monitoring and control
- Assist in activities surrounding inventory control, accounting and analysis, including but not limited to cost control, physical count, perpetual and general ledger accounting, obsolesce and budgeting
- Assist in identifying, reviewing and determining causes of errors regarding vendor direct shipment invoices
- Provide extensive follow-up to correct errors which will necessitate verbal and written correspondence with store managers and vendors and changes to computer data files
- Assist in the review of open transactions via direct interface with the AS400 system and computer generated reports
- Provide standard Service Analysis and Loss Analysis execute additional standardized analysis packs for PIC dealers for their quarterly review process
- Assist in development of projects make recommendations to appropriate personnel
- Maintain a professional inventory management perspective while performing daily inventory and planning activities for a consumer product company, with minimal supervision and assistance
Qualifications for analyst, inventory
- Must be well versed in Microsoft Office (Excel, Word and Access)
- Excellent analytical and organizational skills are essential
- Ability to design and run reporting language queries programs, preferably utilizing JD Edwards (Showcase) is preferred
- Must be detail oriented with excellent follow up skills
- SQL Experience recommended but not required
- 4 years of relevant work experience in inventory management or similar (in addition to degree or years of previous experience)
5
Analyst, Inventory Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of analyst, inventory. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for analyst, inventory
- Document both electronically and physically, ensuring all information tally to the paperwork received
- Participation in the engineering change requests/orders, excess and obsolete, and new product introduction for the supply chain department
- Oversee cycle count, inventory fulfillment processing and accounting, inventory planning parameters
- Develop policies and procedures for inventory management
- Investigate any inventory discrepancies and close cases independently
- Analyze shrinkage account and make improvement on process and procedure in order to reduce shrinkage account's balance
- Support new store kits shipping including communication with other departments/vendors
- Run reports for period-end, year-end and as needed, and work with accounting department to manage inventory
- Review inventory items' status and follow up as needed (including cleaning up obsolete inventory items)
- Analyzes surplus/excess Inventory across the system and facilitates the sale/movement of inventory to Surplus Dealer
Qualifications for analyst, inventory
- Knowledge of Inventory Management Metrics such as Overall In-stock, National Division Actual, Advertising In-stock and Inventory Turnover - Total Supply Chain at Cost
- Three or more years of experience in warehouse operations, logistics, or related supply chain function
- Must possess effective oral and written communication skills effective decision making and problem solving skills
- Highly self-motivated and self-managed, with excellent prioritization and organizational skill
- Must possess strong analytical skills including problem resolution / analysis
- Inventory Control/Inventory Management experience